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Image 1 - 842 Saratoga St, Boston, Massachusetts, 02128 - House for sale
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Image 4 - 842 Saratoga St, Boston, Massachusetts, 02128 - House for sale
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Saratoga St, Boston, Home For Sale
842 Saratoga St, Boston, Massachusetts, 02128

Saratoga St, Boston, Home For Sale

house for sale
Listed: 08/11/24

842 Saratoga St, Boston, Massachusetts, 02128

8 Bed:
3 Bath:
2,604 Sq Ft Living Area:
Save
Price
$ 1,23M

About This House

Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.

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Orient Heights Housing & Living

Household Income

Median household income: $71,834
Number of households: 274,674
The average household income in Boston, MA grew from $66,758 to $71,834 in the past year. This data is an estimate based upon 274,674 households in Boston, MA.
The chart below presents how household income is distributed in Boston, MA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Boston, MA compared to median property taxes around the country. The prevalent amount of property taxes in Boston, MA equals $3k+ , which is more than the national average.